HIAG and Stadler Conclude a Building Rights Agreement for the Site in St. Margrethen
Published: 04. April 2017
Media Release
Basel, 4 April 2017 - HIAG Immobilien AG and Stadler Rail AG have concluded a building rights agreement for the approximately 70‘000 m2 site in St. Margrethen (SG) within the evaluation process. The building right will run until 31 December 2080 and includes the possibility of renewal. Thorsten Eberle, site developer and member of the HIAG Extended Executive Board, emphasised that this is a clear commitment to the Swiss workplace and to the region. The Economic Development Office of the canton of St. Gallen played a leading role in the arrangement. The building rights agreement depends on the legally binding re-zoning of the property as part of the industrial zone.
Contact
Martin Durchschlag Chief Executive Officer T +41 61 606 55 00 martin.durchschlag@hiag.com | Laurent Spindler Chief Financial Officer T +41 61 606 55 00 laurent.spindler@hiag.com |
HIAG Immobilien Holding AG
Aeschenplatz 7
4052 Basel
T +41 61 606 55 00
investor.relations@hiag.com